Ann: Approach by Havilah Resources NL , page-2

A most magnanimous offer by HAV.
CUY has been selling in the 7 cent range for the last month or two (apart from a suspicious parcel which broke rank and pushed up one whole cent just before the "merger" announcement was made).
HAV's recent price has been around 65 cents on average and had moved to 69 cents prior to the trading halt.
One HAV for every 6 CUY shares would have been generous.
One Hav for every 7 CUY shares would have been adequate to bail-out this embarrassment.
Regardless, let's just hope that CUY is quickly retired from service just like GHT, and we'll never speak of these spin-offs again or throw any money in their direction.
It sure is strange that nothing as yet has been formalized in this "merger" process (which as expected, is actually a "take-over" process) but the exact terms of the take-over are already settled and appear to be cast in stone.
On prevailing closing prices of HAV and CUY over the last month or two, lucky CUY holders are pretty much doubling their money in this deal.
You'd almost think that there might be common directors holding investments in both companies. LOL.